PALISADES MEDIA CORPORATION ACQUIRES TARTAN FILMS UK LIBRARY ASSETS

New York, July 8, 2008 - Palisades Media Corp announced today that it has acquired a majority of Tartan Films UK’s 400+ film library assets. This comes on the heels of Palisades’ acquisition of Tartan’s US film library assets in May 2008. Palisades will also continue to purchase new titles for both territories from the present sales agents and licensors.

We are very excited about this acquisition and see the potential for great synergy between the US and UK titles in marketing, digital, and the future evolving delivery systems,” commented Vin Roberti, Chairman & CEO of Palisades Media Corp. “We believe strongly in the new digital world at Palisades, and will be aggressively ramping up future acquisitions. These recent transactions are part of the foundation of what we believe will be a major global catalog of not just filmed entertainment but all forms of entertainment by 2010.”

The Tartan Films catalog includes such films as Supersize Me, The Cooler, Capturing the Friedmans, Secretary, Etre et Avoir, In the Mood for Love, La Haine, The Last Seduction, and Battle Royale, among many others. Additionally, Tartan Video is the UK’s largest art house video company and handles all the works of Bergman, Truffaut and Pasolini, and is also widely credited with bringing Asian cinema to the west via such titles as Ring, Dark Water, Infernal Affairs and The Eye via its Asian Extreme label.

About Palisades Media Corp:

Palisades Media Corp and its subsidiary Palisades Pictures is a prestigious financier of print & advertising financing for the independent film market. Together with its affiliate, Palisades Media Asset Fund, Palisades has securitized and financed more than 130 films. This most recent acquisition will bring the size and magnitude of its library to almost 600 titles.

About Tartan Films:

Tartan Films was founded in 1984 by Hamish McAlpine. Tartan Films is credited with bringing Asian Extreme film to the west as well as some of the most compelling art house films of the last quarter century.